Henggong Precision Q3 Report: Revenue of 1.138 Billion Yuan, Embodied Robot Business Up More Than 11-Fold Year-on-Year

Recently, Henggong Precision released its 2026 third-quarter report. As of the end of the reporting period, the company's total operating revenue was 1.138 billion yuan, up 43.18% year on year; net profit attributable to shareholders was 134 million yuan, up 70.90% year on year. By quarter, third-quarter total operating revenue was 414 million yuan, up 54.59% year on year; third-quarter net profit attributable to shareholders was 29.9114 million yuan, up 146.32% year on year. Image source: screenshot of the announcement. Regarding the performance growth, Henggong Precision stated in the announcement that it was mainly due to growth in product output and sales during the reporting period, as well as the growth contribution from the embodied robot business. Among them, the business of key components for embodied robots and robot complete-machine manufacturing and scenario deployment achieved revenue of 173 million yuan from January to September, up 1,173.73% year on year. Henggong Precision is a listed enterprise deeply engaged in fluid technology and embodied intelligence technology. Its current main products include core components for fluid equipment such as air compressor components, vacuum pump rotors, and full hydraulic system components; key components for RV reducers and harmonic reducers; humanoid robot structural parts such as robot upper and lower limb connectors, brackets, and fasteners; as well as robot body manufacturing, and embodied intelligence scenario deployment in interactive performances, inspection and security, guided tours and shopping guidance, and administrative services. On November 17, 2025, to further deepen strategic cooperation, AgiBot and Henggong Precision jointly established Hengyuan Zhiqi Embodied Intelligence Technology (Shanghai) Co., Ltd. to accelerate the commercialization of AgiBot's embodied intelligence. Henggong Precision holds a 90% stake through its wholly owned subsidiary Henggong Weichuang Embodied Intelligence Technology (Shanghai) Co., Ltd., while AgiBot's affiliate AgiBot Innovation (Shanghai) Technology Co., Ltd. holds the remaining stake. On April 28, 2026, Henggong Precision, AgiBot Innovation, and Tianqiao Development signed a strategic cooperation agreement, marking Henggong Precision's full entry into the new embodied intelligence track. According to the agreement, the three parties will take the "one body, three intelligences" technology system as the core to build a northern embodied intelligent manufacturing center. With the help of the joint venture Hengyuan Zhiqi, Henggong Precision is leaping from a core component supplier to a leader in complete-machine mass production and ecosystem development, forming full-industry-chain capabilities of "materials—components—complete machines—scenarios." On August 5, Hengyuan Zhiqi was invited to participate in the China Media Group (CMG) Film Culture Carnival, completing a large-scale offline live parade demonstration of multi-model robots. The event used a multi-model formation cluster parade plan to break the limitations of single-robot performances, providing replicable and sustainable technology performance solutions for cultural tourism scenic areas, urban carnivals, and film and television themed events, and exploring demonstration scenarios for the integration of "technology + cultural tourism." On August 30, a number of embodied intelligent robots produced by Hengyuan Zhiqi's Shandong Embodied Intelligence Industrial Base officially went into operation at Jinan Olympic Sports Center and Zhuanshan West Road subway station, covering five major scenarios: security inspection and patrol, passenger guidance, science popularization explanations, commercial cleaning, and patrol inspection. With normalized on-duty "deployment mode," they make up for public service labor shortages and promote dual improvements in station operating efficiency and service refinement. On October 24, at the Jinan Yellow River International Convention and Exhibition Center in Shandong, jointly organized by AgiBot Innovation, Henggong Precision, and Tianqiao Embodied, 110 AgiBot Expedition A3 humanoid robots mass-produced by Hengyuan Zhiqi's Shandong Embodied Intelligence Industrial Base successfully challenged the Guinness World Record for "most humanoid robots dancing simultaneously." Moving from "development mode" to "deployment mode" is a key turning point in the industrialization of humanoid robots. In the past, robots were more oriented toward laboratories and developers, completing demonstration tasks in limited environments; entering deployment mode means robots must work stably over the long term in real, ever-changing environments. Once a scenario model is proven, it can be quickly replicated and promoted at scale, forming a sustainable commercial closed loop. Overall, Henggong Precision's growth logic lies in the dual-wheel drive of "the basic plate of fluid equipment castings + the second curve of robot components and scenario deployment." Air compressor and hydraulic precision castings are the mature business foundation, with downstream coverage of industrial equipment and new energy equipment, providing stable cash flow; robot reducer structural parts and complete-machine scenario deployment are the second growth curve. As the industrialization of humanoid robots accelerates and downstream manufacturers gradually move to mass production, the order space is expected to continue to open up. (Statement: The purpose of this site in publishing this information is to disseminate more information and has nothing to do with the stance of this site. 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